Paper Code: 2/2015

 Date of Test: 6th January 2015

 Conducted By: Kerala Public Service Commission (Kerala PSC)

 Post: Accounts Officer

 Department: Kerala Co-operative Milk Marketing Federation Ltd (KCMMF/MILMA)

 Category: Kerala PSC Previous Year Question Papers

Overview

The Kerala Public Service Commission (Kerala PSC) conducted the Accounts Officer recruitment exam for the Kerala Co-operative Milk Marketing Federation Ltd (MILMA) on 6th January 2015, with the official Paper Code: 2/2015. This competitive exam aimed to select finance professionals to manage and oversee accounting functions in one of Kerala’s most prominent cooperative institutions in the dairy sector.

The Accounts Officer plays a crucial role in financial planning, budget control, auditing, and compliance, ensuring smooth fiscal operations within MILMA’s cooperative structure.

About the Post: Accounts Officer – KCMMF (MILMA)

The position of Accounts Officer in MILMA involves:

• Preparing financial statements, balance sheets, and P&L accounts

• Supervising ledger maintenance and cash flow

• Ensuring compliance with Co-operative Societies Act and accounting standards

• Handling audits, tax filings, and budgeting processes

• Coordinating with district-level dairy unions on financial matters

• Reporting to higher management on financial performance and resource planning

Ideal candidates typically possess qualifications like CA Inter, ICWA, B.Com/M.Com with Tally and relevant experience in cooperative or public sector accounting.

Exam Pattern

• Type of Exam: Objective (OMR-based Multiple Choice Questions)

• Total Questions: 100

• Total Marks: 100

• Duration: 1 hour 15 minutes

• Negative Marking: 1/3 mark deducted for each incorrect answer

Syllabus & Topics Covered

The exam focused on a combination of accounting principles, corporate financial management, and general aptitude. Major topics included:

Core Accounting & Auditing

• Double-entry bookkeeping and journal entries

• Final accounts preparation: trading, P&L, and balance sheet

• Bank reconciliation, cash book, and subsidiary books

• Financial ratios and cost accounting

• Audit procedures, internal checks, and statutory requirements

 Co-operative Accounting & Business Law

• Special features of co-operative society accounting

• Provisions of the Kerala Co-operative Societies Act

• Corporate governance, Companies Act basics, and TDS/GST compliance

• Management of co-operative institutions and public sector budgeting

  Taxation & Financial Management

• Basics of income tax, VAT (pre-GST), and service tax (as applicable in 2015)

• Working capital management, fund flow and cash flow analysis

• Budgetary control and variance analysis

• Payroll and EPF/ESI handling

  General Knowledge & Current Affairs

• Kerala’s economic development, dairy sector, and cooperative movement

• Key financial institutions in India (RBI, NABARD, SEBI)

• Current affairs relevant to economics and commerce (till 2015)

  Quantitative Aptitude & Logical Reasoning

• Percentages, averages, ratios, interest calculation

• Profit & loss, time & work, time & distance

• Logical puzzles and analytical ability

  English & Official Language

• Vocabulary and grammar

• Comprehension passages

• Sentence correction and formal writing

 Click the below link to download PDF format of Kerala PSC Previous Question Paper of Accounts Officer – MILMA (KCMMF)